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Today we explore GoDaddy Auctions closeout domains looking for a bargain. I show you what would make a good domain to potentially buy for resale at a profit using tools from DomainAcademy.com/tools and find a name which I believe can eventually be sold for between a 100 to 200x profit that has slipped past other buyers.
One thing I forgot to mention in the video is that we also looked at archive.org to determine that the domain has not ever been for sale in the past and that it has had real content (commercial use) on it for many years. This is another selling point for a potential purchase.
Domain Name Analysis: Joe from domainacademy.com presented an analysis of the domain name shumate.net, highlighting its potential value due to its long history and multiple registrations in various TLDs. They explained that the name has been off the market for almost 30 years, indicating pent-up demand. 0:00
Potential Buyers: Joe identified that there are 8300 people in the US with the last name Shumate, suggesting a decent amount of potential buyers for the domain name. They also noted that many businesses and individuals are using variations of the name in commerce. 1:15
Domain Usage: Joe demonstrated that shumate.net is being used in various extensions and by real businesses, indicating its demand and usage in commerce. They showed examples of websites using the name and explained that the .com version is being monetized through email registrations. 2:36
Market Alternatives: Joe discussed the limited options for purchasing the shumate name in the aftermarket, emphasizing that shumate.net is a high-quality alternative to other extensions like .dev, .marketing, or .law. They highlighted the potential for reselling the name for a higher price. 4:24
Business Usage: Joe provided data on the number of businesses and startups using the shumate name, as well as the search volume and advertising costs associated with it. They concluded that shumate.net is a solid buy due to its demand and usage in commerce. 5:01
Conclusion: Joe summarized the key considerations for purchasing a domain name, emphasizing the importance of evaluating its history, usage, and potential demand. They encouraged viewers to ask questions and share the information with others. 6:20
**These videos are provided for educational and informational purposes only and do not constitute investment or financial advice. Always do your own research before making a purchase of any domain name. **
